Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.7M in interior and exterior capital improvements. 100% of...
Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.7M in interior and exterior capital improvements. 100% of the interiors are fully renovated, including all new appliances, cabinets/counters, new electrical panels, flooring, painting and drywall, and all new windows and doors. Common area improvements include the roofs, painting, termite & pest mitigation, and tenting of the entire structure, exterior wood, decking, all new stairs and railings, all new asphalt, hardscape/softscape, mailboxes, plumbing, house electrical panels, and garage doors. ABOVE ALL, the debt component sets this project apart from nearly all other investments within the marketplace. Available to assume is a private note with a 50% LTV and interest-only payments for nine years, starting at 3.5%, with a cap at 5.0%, resulting in a blended interest rate of 4.61% over the term. This equates to an initial cash-on-cash return of over 4% with a down payment of $6,000,000 no appraisal required, no points for the loan assumption, COE in 30 days or less.
Listing Courtesy of Marcus & Millichap RE Invest, Email/Phone : 714-713-9086
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Amenities
Community Pool
features
Parking
Car Port, Garage
Community
Sidewalks
PROPERTY INFORMATION
Community Info
Curbs, Sidewalks, Pool
Garage Info
13
Pool
Community, Fenced
Sewer
PublicSewer
Water
Public
EXTERIOR
Lot Description
StreetLevel
ADDITIONAL INFORMATION
Number of Units
25
Listing Courtesy of Marcus & Millichap RE Invest, Email/Phone : 714-713-9086